tds on salary

This query is : Resolved

Sanoj Kr. Sharma (Querist)
Follow

10 August 2010 tds deducted on salary is on payable basis or paid basis.

entry in tally:

basic dr. 100
To tds cr. 10

OR

Basic dr. 100
to tds cr. 10
to bank cr. 90

Can i make provision for tds payament in case of salary or it is deducted when i paid salary.

pls. clarify

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

10 August 2010 TDS on salary we can take provision

Dr:Basic
Cr: TDS
Cr: Salary payable

Aditya Maheshwari

Aditya Maheshwari (Expert)
Follow

10 August 2010 TDS u/s 192 is deductible at the time of payment.

However provision for TDS could be made also.

Sanoj Kr. Sharma

Sanoj Kr. Sharma (Querist)
Follow

10 August 2010 if we make provision for tds on salary on 30th 0e 31st of every month and paid in next month on 2nd of avery month then it will be deposited for that month on which we make provision or in the month of payement is made.

Aditya Maheshwari

Aditya Maheshwari (Expert)
Follow

10 August 2010 It will be deposited for the month of provision.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

DHANASHRI KARMARKAR

CA Aakarsh Jain

Michael & Co.

divakar podaturu

sachingurav

Subscribe Now

tds on salary

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA